April 20, 2018 / 1:05 PM / 3 months ago

Russia says oil may hit $80 in April but price not justified - RIA

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said on Friday oil prices could reach $80 per barrel in April but said it would not be justified by underlying fundamentals, the RIA news agency reported.

FILE PHOTO: Russian Energy Minister Alexander Novak speaks during a news conference of the 4th OPEC-Non-OPEC Ministerial Monitoring Committee in St. Petersburg, Russia, July 24, 2017. REUTERS/Anton Vaganov/File Photo

Reporting by Maria Tsvetkova; Editing by Edmund Blair

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